Michael Mann Registered 14,962 Domains In 24 Hours
Apr 24, 2012 14:55
In a internet domain registering binge for 24 hours, Michael Mann registered 14,962 domains. And he plans to sell them to you and me at an inflated price. And just when you think how can one survive on that, his company manages to pull in over $400,000 a month.
Mann is a domain reseller and he's already set up shop since the late 1990s. He lucked out when he made $50,000 from selling a domain he originally purchased at $70 according to CNET. He's built a company called BuyDomains that he sold for 2005 for $80 million. His latest, is DomainMarket.com, a business that brings in $400,000 every month.
Most of his business is automated, and uses filters to pick out domain names based on Google friendly keywords. But in the end, it in Mann who chooses which domains to buy.
"We have a filter, but I'm the world's most efficient human filter for this sort of thing. I don't think anyone can read huge lists of domain names as quickly as I can and understand what they're reading. I'm a pattern reader. It's a huge pain in the ass, but it's what I do for a living."
In his last shopping spree, he bought domains like ChineseFoodCatering.com and BaptistChurchCamp.com and CeoHealthClub.com.
Will he be able to turn his outlay into profit anytime soon? [CNET]